Quote from: reagansimms on Today at 02:53:07 AM

Quote from: robertcarlyle on October 07, 2024, 12:04:29 AM

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel? How can it be determined when they should just stop working all together then? Retire now or until theyre 50/62 years of age to enjoy their $$$?

If you have 15 million worth of Bitcoin and have no dependents, meaning that the expenses incurred are only to support your own life, retiring at the age of 45 is very possible for you. This amount is very large, it can finance your life until the age of 70. When it comes to finances, human nature will take control in everything, including increasing wealth. The level of satisfaction with what one has is very small, just like someone pouring water into a basket.

Even if you have a family to take care of, with that amount of money you can still take care of them without worrying too much about money, $15 million is an extremely large number even if you live in an expensive place like the United States. This number is not as small as many people think, the number of people who own millions of dollars in this world is not as much as we think.

Also, retirement does not mean we will stop everything and just spend money, we can invest and do business to increase our assets. So retiring at 44 with $15 million is entirely possible and nothing to worry about, unless you have a job that makes millions of dollars a year. Because that is the income of a rich person.